Chapter#7: Electronic Commerce

• E-commerce or Electronic Commerce is buying and selling online. However, E-business has a broader concept and E-Commerce is a part of it.

• Types of E-Commerce:

1. (B2C): Business done by consumers like OMAN AIR.
2. (B2B): Business done by organizations like SQU LIBRARY.
3. (C2C): Between individuals.

•  E-Commerce Mechanism:
• Auctions (forward and reverse):
• Forward Auctions: For the highest bids.
• Reverse Auctions: For the lowest bids.

•  Benefits of E-Commerce:

1. Social: Easy to deliver information, services, and products to people.
2. Customers: Access into huge amount of products.
3. Organizations: Make international markets more accessible.

• Limitation of E-Commerce:

1. Technological Limitation: Telecommunication issues in less-developed countries.
2. Our thinking of EC ( Electronic Commerce ) is unsecure.

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